US economy resilient despite moderation in growth in fourth quarter
U.S. economic growth slowed in the fourth quarter as a strike at Boeing depressed business investment in equipment, but consumer spending increased at its fastest pace in nearly two years, underscoring strong domestic demand that probably keeps the Federal Reserve on a slow interest rate cut path this year.
US economic growth slows despite consumers spending more
Economic growth in the US slowed at the end of last year, as trade and investment declined and the country was hit by hurricanes and labour strikes. The economy expanded at an annual rate of 2.3% between October and December, down from 3.1% in the three months before, according to the US Commerce Department.
The U.S. economy expanded throughout 2024, but growth slowed in the last three months of the year as businesses pulled back ...
Economists expect that real GDP grew about 2.3% in the period, below the third quarter’s growth rate, due to a trade deficit ...
U.S. gross domestic product grew by 2,3% in Q4 2024 after expanding by 3.1% in Q3. Consumption was the lion's share of growth ...
The U.S. grew at a mild 2.3% annual pace in the final three months of 2024, but the details of the report showed an economy ...
Economic growth was healthy in 2024, coming in at 2.8% compared to 2.9% in 2023. The continuing expansion is driven by ...
Another year of robust economic growth is in the books, underscoring how the Biden administration handed President Donald Trump what many consider a solid economy.
The Federal Reserve maintained steady interest rates in January amid slowing inflation progress and uncertainty surrounding ...
Wall Street's major averages notice limited moves on Thursday, as the Q4 GDP growth came in weaker than expected, while ...
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